Pick of the Day: EUR/USD - Trade Closed
Good morning! The EURUSD continues to defy gravity as US Dollar weakness has been, and continues to be, the driver for financial markets in the past week or so. … More…
About Pick of the Day
At the end of each trading day, I will find what I believe is the best looking short term trade setup for the upcoming trading day. If you're a forex newbie, it can be tricky in the beginning trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology of price movements so you can learn to analyze your own charts and trade on your very own. Trades will be posted by 1 am ET, Monday through Thursday evening.
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September 2009 Monthly Archive
Pick of the Day: GBPUSD - Trade Closed
My short term trade produced a few pips as 1.6400 held back GBPUSD bulls throughout the Asia session. My first profit target was hit at 1.6350 ahead of the… More…
Pick of the Day: GBPUSD - Close Trade
Doh! US Dollar selling was strong across the board this week, pushing Cable higher and higher! My short entry orders at 1.6615 and unfortunately, there wasn't enough USD buyers at these previous resistance areas to … More…
Pick of the Day: EURUSD - Close Open Orders
Good afternoon! It looks like I didn't enough of a rally in EURUSD to trigger my short orders at 1.4400 before the pair dropped at the beginning of the European trading session. … More…
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